Thailand Week hoped to spur business links with Vietnam
A Mini Thailand Week was opened in the Mekong Delta city of Can Tho on July 22, providing a platform for Vietnamese and Thai businesses to seek partnerships and form supply and value chains.
Delegates cut the ribbon to open the event (Photo: VNA)
Can Tho (VNA) – A Mini Thailand Week was opened in the♔ Mekong Delta city of Can Tho on July 22, providing a platform for Vietnamese and Thai businesses to seek partnerships and form supply and value chains.
The event, lasting through to July 24, features more than 120 booths of 88 companies showcasing agricultural machinery, fertiliser, automobile and motorcycle spare parts, beverages, household appliances, cosmetics, and tourism and educational services.
Visitors can also learn more about Thailand’s culture by enjoying its traditional cuisine and films.
Vice Chairman of the municipal People’s Committee Truong Quang Hoai Nam said the event is one of the joint activities to mark the 40th anniversary of the two countries’ diplomatic ties this year and to promote bilateral trade to reach the 20-billion-USD target by 2020.
Meanwhile, Patini Samanvoranong, Director of the trade office at the Thai Consulate General in Ho Chi Minh City, highly valued bilateral cooperation between the two sides, noting that the targeted 20-milion-USD trade revenue by 2020 is completely feasible.
Thailand is currently the top ASEAN trade partner of Vietnam and also among the 10 biggest foreign investors here.
Can Tho is housing five Thai-invested projects with a total registered capital of nearly 41.33 million USD. They are involved in processing aquatic and agricultural products and manufacturing cartons.
In 2015, the city earned 22.5 million USD from exports to Thailand with such key goods as rice, aquatic products and garments. It imported 12 million USD worth of commodities from the country, including medicinal materials, fertiliser, chemicals, fabric and aquatic materials.-VNA
Vietnam and Thailand agreed to enhance their economic connectivity through the action plan on bilateral trade and investment cooperation, to augment their trade to 20 billion USD by 2020.
Prime Minister Nguyen Xuan Phuc affirmed Vietnam’s consistent policy of reinforcing all-around ties with Thailand during a reception in Hanoi on July 8 for Thai Foreign Minister Don Pramudwinai.
The time-tested amity and all-round cooperation throughout history of Vietnam and Thailand will help the two become good partners in the ASEAN community.
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This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
While the US market has become more difficult to access due to new tax policies, Australia could play the role of a trade cushion, helping to reduce shocks and maintain export momentum for Vietnam's shrimp industry.
Delegates cut the ribbon to open the event (Photo: VNA)
